Lebanon exceeds budget limits on rising expenditure
BEIRUT: Lebanon has exceeded its budget limits for 2018 and authorities are taking steps to make sure the state can continue to fund itself as politicians struggle to form a new government, the caretaker finance minister said.
The minister, Ali Hassan Khalil, said the government had spent more than it budgeted for this year, to meet the rising costs of health, electricity, garbage disposal and increased public sector wages.
But he said Lebanon would continue to meet its obligations.
“Lebanon is committed to paying all its debts and debt servicing. This is something we have become accustomed to in the past and will continue to do so,” he said.